| Pivot: 64.45|
Our preference: short positions below 64.45 with targets at 63.70 & 63.50 in extension.
Alternative scenario: above 64.45 look for further upside with 64.75 & 65.20 as targets.
Comment: as long as 64.45 is resistance, expect a return to 63.70. Crude Oil is trading below the declining 50-period moving average.